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Deed for Lease - Give your House Away then Rent it Back

Updated on March 26, 2010

From the Brilliant Minds in Federal Government Direct to You the Tax Payer!

Coming to a neighborhood near you, the Federal Governments new “Deed for Lease” program!  And here’s how it works:

Say you can’t pay your mortgage and your loan is through Fannie Mae.  Under the new Deed for Lease program you can simply transfer ownership to Fannie Mae (Good Bye House!), then simply sign a one year lease to lease back the home you just gave to Fannie Mae from Fannie Mae?

Anyone see a problem with this brilliant idea? Really no problem or problem?  If a person can not afford to pay their mortgage how are they going to afford to pay their lease?  Hello?  Hello?  Is anyone in the Federal Government really home?  People are losing their homes because they don’t have the ability to make the mortgage payments.  How are these people going to make lease payments? And who in their right mind would sign a contract with the Federal Government.

Where is the Help the Obama Administration promised Home Owners?  Wait… it all went into the Wall Street Bankers pockets!  CIT can bankrupt 2.3 Billion in Tax Payer money with no recourse.  Chrysler can bankrupt $7+ Billion in Tax Payer money with no recourse.  But the solution to the escalating foreclosure process is to take peoples homes then turn around and lease them back? That is some forward thinking!

Fannie Mae has hired an outside company, which officials declined to identify, to manage the properties.

Of course not!  Why would the Government actually make disclosure as to where the money is going?  Some brilliant Government Official must have a brother, uncle or cousin in the property management business who wants in on the Federal Government Giveaways. Accountability is not job one at the United States Government.  It’s job one at Ford Motor Company though. Ford can tell you EXACTLY how many cars they sold this year… EXACTLY.  But the United States Government can’t even tell you how many real jobs they have created for the Billions of Tax Payer Dollars spent.  Go figure.

And Now for the Forward Thinking Logic

To qualify, homeowners have to live in the home as their primary residence and prove that they can afford the market rent, which would be determined by the management company. The rent can't be more than 31 percent of their pretax income.

If the homeowners could do meet this requirement they would just be making the mortgage payments!  How much tax payer money is being thrown at this mysterious and unnamed company to manage this brilliant idea?

It’s time for real change.  It’s time to abolish the Federal Reserve.  It's time to stop letting the Federal Government bully the citizens. It’s time to quit letting a useless Federal Government rob from the people and give to whomever they want.  It’s time for real change and Obama and his hand appointed Wall Street buddies are not going to make this happen.  And neither is anyone in the Republican party. Give the money back to the people who earned it.  Let State Governments govern and cut the Federal Government to the bone.

It’s time to start electing officials based on their ability to Abolish the Federal Reserve and put the American Tax Payer back in charge of their own destiny.

The current system of inflationary money creation has failed and can not be recovered.  To perpetuate the lie is to make more Americans Suffer. The Fed has got to go.  Do it now and spare the additional suffering or do it later and inflict the most pain possible.

Our money supply is fake, electronic numbers backed by nothing and has never been able to support real long term sustainable growth. You would be wise to get out of the stock market, to get your money out of banks, and invest in Gold.  Well that is if you have any money to invest.

Do You See the Problem with the Solution?

Analogy of the Clever Government Thinking applied to Deed for Lease Program
Analogy of the Clever Government Thinking applied to Deed for Lease Program

Comments

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  • SimeyC profile image

    Simon Cook 

    8 years ago from NJ, USA

    There was much hope when Corzine was elected - he said much the same as the new governor - the problem in NJ is that no matter who the governor is, he/she isn't really running the government - a change in governor doesn't do anything - we need a change in incumbant politicians...that would do the trick....break up their gravy train...the same needs to happen country wide...

    I was surprised to see Corzine go, because I've seen the NJ voter not 'do the right' thing so many times...I am happy that they

  • MikeNV profile imageAUTHOR

    MikeNV 

    8 years ago from Henderson, NV

    SimeyC - Your Governer was ousted!!! Surprised? You said you would be.

    State Government puts the power of the people in the hands of people who live in that state. It's representation for the people by the people.

    Your State is messed up because the people who live there have elected Officials that are not representing their interests. But you have the power to vote them out just like the people voted out your incumbent Governor.

    There will always be Government. But it needs to be controlled and tempered directly by the people it represents.

    The Federal Government is way out of control and not representing the people.

  • SimeyC profile image

    Simon Cook 

    8 years ago from NJ, USA

    "Let State Governments govern" - no way! LOL I live in NJ - I'd really be messed up if you made that law!!!

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